Mount Gambier’s financial future outlined

Mount Gambier City Council has released its Draft 2022-2032 Long Term Financial Plan and is now seeking community feedback.

Shared Services General Manager Darren Barber said the plan provided a roadmap to enable council to prioritise community needs and aspirations.

It assists council to plan, manage and communicate its future objectives in a financially sustainable way.

“The purpose of a long-term financial plan is to express in financial terms the activities that council proposes to undertake over the medium to longer term to achieve the objectives stated in the 2020-2024 Strategic Plan and the Infrastructure and Asset Management Plans,” he said.

“Council intends to achieve key financial ratios by the target date of 2026/27 and over the life of the LTFP.

“As previously committed, the total rate revenue percentage increase remains at 4.5% per year, with the delivery of the Wulanda Recreation and Convention Centre to occur in 2022.”

Mr Barber said the plan was similar to, but less detailed than the Annual Business Plan and Budget and helped guide council’s future actions depending on longer-term revenue and expenditure assumptions.

“It is important to note that while the plan provides guidance, council continues to revise and update the assumptions included within it which means we can be adaptable in an ever-changing environment,” he said.

“Council encourages the community to participate in this important consultation process.”

In accordance with the Local Government Act 1999, a Long Term Financial Plan must be updated within two years of the local government election.

Mount Gambier City Council updates its Long Term Financial Plan annually.

Click here to view the Draft 2022-2032 Long Term Financial Plan and have your say.

All feedback must be received by December 8 at 5pm.

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